511 Linden Ave - Retail FOR SALE


Pocomoke City, MD 21851
$3,915,770 USD
757-287-1490
511 Linden Ave, Pocomoke City, MD for Sale
$3,915,770 USD
Retail - FOR SALE
1/5
null | Request Cap Rate

511 Linden Ave
Pocomoke City, MD 21851


HIGHLIGHTS

  • Value-Add with Below Market Rents.
  • Short-Term Leases with Upcoming Rent Bumps in 2026 and 2027.
  • Prime Visibility on U.S. Route 13 on Maryland’s Eastern Shore.
  • 47% of inline GLA is Leased to National Tenants (Dollar General, Advance Auto Parts, Rent-A-Center) with 13-28 Year Operating History.
  • Recent Capital Improvements (roof, parking lot, HVAC, vacant tenant spaces).
  • 1.3ac Pad-Ready Site and Outparcels Ripe for Redevelopment.

OVERVIEW

Pocomoke Crossing is a 10.24ac neighborhood shopping center in the heart of the city’s retail corridor along Route 13 in Pocomoke City, MD. It is located on Maryland’s Eastern Shore, at the gateway corner leading to Salisbury (35 minutes north) and Ocean City (45 minutes northeast). The entire center contains approximately 59,816SF. Of that, approximately 48% is leased to national and local tenants including Advance Auto Parts, Dollar General and Rent-A-Center, all three of whom have been in the shopping center for more than 20 years. There is approximately 19,967SF of vacant space inline, along with a former Rite Aid outparcel containing approximately 11,219SF. There is approximately 1.3ac of vacant land on the far north end of the parcel that is ready for development. That portion of the center once housed a Roses department store. The property is well positioned for a buyer looking for value-add opportunities. The Pocomoke City Economic Development Director tells SLN Capital Markets that the area is growing with new residential housing starts in the downtown area as well as near the city’s high school.

FOR SALE DETAILS

PRICE

$3,915,770 USD

PRICE/SF

$39 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

527

LAND DETAILS

CROSS STREETS

Linden Ave. & Rte. 13

LAND ACRES

10.24 AC

LAND SF

446,054 SF

ZONING

B2

APN/PARCEL ID

01-030787

ASK ABOUT THIS PROPERTY

Doug AronsonS.L. Nusbaum Realty Co.More Info
757-287-1490

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Doug AronsonS.L. Nusbaum Realty Co.More Info
757-287-1490

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.